Adeia Inc. (ADEA)

Cable & Other Pay Television Services

Latest Price

$25.60

TTM P/E

23.49

Normalized P/E

Div Yield

0.78%

Book Value

4.33

P/B Ratio

5.92

Valuation metrics

EPS: $0.99

Book value / share: $4.41

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.91

61% downside

Norm. op. income: $145M (median of 6yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$7.98

69% downside

Base FCF: $170M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.08

84% downside

EPS: $0.99

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$22.77

11% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	17.41M	$573.0M	15.79%	+596.1K	2026-06-30
Ameriprise Financial Inc	13.71M	$451.0M	12.44%	-849.1K	2026-06-30
Vanguard Portfolio Management LLC	8.75M	$288.0M	7.94%	+296.8K	2026-06-30
FMR LLC	6.00M	$197.0M	5.44%	+2.59M	2026-06-30
State Street Corp	4.85M	$159.0M	4.40%	+271.0K	2026-06-30
Vanguard Capital Management LLC	4.79M	$157.0M	4.34%	+83.0K	2026-06-30
Neuberger Berman Group LLC	3.48M	$114.0M	3.15%	+242.9K	2026-06-30
Price T Rowe Associates Inc	3.05M	$100.0M	2.77%	+2.92M	2026-06-30
Geode Capital Management, LLC	3.01M	$99.0M	2.73%	+166.5K	2026-06-30
Dimensional Fund Advisors LP	2.79M	$91.0M	2.53%	+15.1K	2026-06-30